Latest news with #HiapSengIndustries
Business Times
23-07-2025
- Business
- Business Times
Indonesian oil giant Chandra Asri buys 11.9% stake in Hiap Seng Industries; shares up 58.3%
[SINGAPORE] Indonesian petrochemical producer Chandra Asri has purchased an 11.9 per cent stake in the shares of Hiap Seng Industries and is now its newly-minted substantial shareholder. As at 11.54 am, shares of Hiap Seng Industries were 58.3 per cent up, at S$0.019, with some 133.1 million shares transacted. With this development, future partnerships between both companies could be on the horizon, said Hiap Seng Industries on Wednesday (Jul 23). Chandra Asri is a subsidiary of Barito Pacific, the Indonesian power and industrial giant founded by billionaire tycoon Prajogo Pangestu. Max Tan, Hiap Seng Industries' chief executive officer, said: '(We) view this as a potential opportunity to explore strategic collaborations that will enhance long-term value for all stakeholders.' Mashhad Dohadwala, projects and technology director at Aster Chemicals and Energy, Chandra Asri's joint venture with global commodities trader Glencore, said that the strategic relationship with Hiap Seng Industries would strengthen Aster's foundation to position it for future growth as it explores partnership opportunities. Aster was said in early July to be in exclusive talks to buy oil major ExxonMobil's Singapore gas stations. Prior to that, it completed its purchase of Shell's Singapore refinery and refining assets on Bukom and Jurong islands. Hiap Seng Industries was formerly named Hiap Seng Engineering.
Yahoo
20-03-2025
- Business
- Yahoo
The Returns At Hiap Seng Industries (SGX:1L2) Aren't Growing
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. In light of that, when we looked at Hiap Seng Industries (SGX:1L2) and its ROCE trend, we weren't exactly thrilled. The end of cancer? These 15 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on Hiap Seng Industries is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = S$3.1m ÷ (S$29m - S$5.8m) (Based on the trailing twelve months to September 2024). Therefore, Hiap Seng Industries has an ROCE of 14%. In absolute terms, that's a satisfactory return, but compared to the Construction industry average of 9.8% it's much better. See our latest analysis for Hiap Seng Industries While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you're interested in investigating Hiap Seng Industries' past further, check out this free graph covering Hiap Seng Industries' past earnings, revenue and cash flow. Over the past , Hiap Seng Industries' ROCE and capital employed have both remained mostly flat. Businesses with these traits tend to be mature and steady operations because they're past the growth phase. So unless we see a substantial change at Hiap Seng Industries in terms of ROCE and additional investments being made, we wouldn't hold our breath on it being a multi-bagger. In summary, Hiap Seng Industries isn't compounding its earnings but is generating stable returns on the same amount of capital employed. Since the stock has gained an impressive 60% over the last year, investors must think there's better things to come. Ultimately, if the underlying trends persist, we wouldn't hold our breath on it being a multi-bagger going forward. If you want to know some of the risks facing Hiap Seng Industries we've found 4 warning signs (2 make us uncomfortable!) that you should be aware of before investing here. While Hiap Seng Industries isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
